Grants for African Entrepreneurs
ADM Business Plan Competition
Business Grants » Grants for Small Business
Grants for African Entrepreneurs: The African Diaspora Marketplace (ADM) is a business plan competition designed to support the entrepreneurial spirit and resources of the U.S. based African diaspora community to promote economic development in Sub-Saharan Africa by facilitating diaspora direct investment (DDI) in viable small and medium enterprises(SMEs).
The ADM is currently seeking proposals for start-up and established businesses operating (or to be operated) through partnerships between U.S. based members of the African diaspora and local Sub-Saharan African entrepreneurs.
Following a rigorous review and selection process, 10-20 winning businesses will be awarded matching grants of between $50,000 and $100,000 each.
Grants to winners will be matched by investments of diaspora members and their partners on a one to one basis through a combination of financial and in-kind contributions.
Proposals must be implemented in one of the following Sub-Saharan African countries where USAID has both on the ground presence and potential technical assistance programs for entrepreneurs: Angola, Burundi, Ethiopia, Ghana, Kenya, Liberia, Malawi, Mali, Mozambique, Namibia, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Sudan, Tanzania, Uganda and Zambia.
Must be a start-up or established business seeking to expand or introduce new goods or services.
Must be legally registered in the Sub-Saharan African country of implementation.
Businesses that are not yet legally registered may also participate in the competition provided they are able to become legally incorporated before advancing to the final round of the competition.
Must include a minimum of 25% ownership by the proposing U.S. based diaspora member.
Proposals that advance to the final round will be required to submit evidence of diaspora ownership.
All commercially viable proposals will be considered; however, the ADM is particularly supportive of proposals for business ventures working in productive sectors including but not limited to: agribusiness, handicrafts, textiles, tourism, environmental services such as waste management, construction and infrastructure, logistics and transportation, manufacturing and assembly, fisheries, livestock and information and communication technologies (ICT).
For more information and application, see: Grants for African Entrepreneurs - ADM Business Plan Competition
More: Business Grants » Grants for Small Business